As Australia's bond rate breached 1 per cent, investors should come to terms with reality of what the market is telling them. It's not good, writes Jonathan Shapiro.
As Australia's 10-year bond rate hit 1 per cent, a question some investors were left pondering was whether this really is the end.
Should investors prepare for the day when they may never receive a meaningful rate of interest from a sound government ever again?
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
